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icon_widget_image Monday-Saturday: 8:30am to 5:00pm icon_widget_image Plot 3, Raja Chambers / Parliamentary Avenue, Kampala - Uganda icon_widget_image + (256) 414-251251 + (256) 777 714069 icon_widget_image

Salary Loan to Employees


For meeting personal requirements.

Target group: Employees of reputed organisations having at least six months of confirmed service subject to our due diligence.
Facility type: Short term loan.

Limit. 3 times of gross salary subject to a maximum UGX 5,000,000.

Tenor. Max 12 Months.

Repayment. Monthly installments.

Processing fee. 1% of the loan amount.

Security. Undertaking from Employer to remit the instalment or Two Guarantors, one preferably a co-employee of substantial means.

Documents Required:

  • National ID/ Passport.
  • Work permit in case of foreigner.
  • 2 Recent Passport size photographs.
  • Bank statement of last six months.
  • Proof of employment.
  • Promissory Note.
  • Loan Agreement.
  • Letter of Guarantee.

Processing fee.
1% of the loan amount.

Delayed penalty.
1% per month or its part of the amount in default.

2% of the loan amount.

Administrative charges.
1% of the loan amount.